Solar energy leader Midsummer AB and defence and security company Saab AB have today signed a non-binding Memorandum of Understanding to investigate a long-term partnership in the Kingdom of Thailand. This is connected with Saab’s defence and security business, and Thailand’s policies for industrial cooperation and technology transfer to deliver wider benefits to the Thai economy.
The MoU between Midsummer and Saab is intended to establish a long-term, comprehensive framework to explore and identify potential activities for industrial cooperation for applications in Thailand and other export markets. The focus will be on solar energy manufacturing and technology, which is a core element of Midsummer’s expertise.
In Thailand, the parties have jointly identified possible opportunities in the establishment of a 200-MW ‘mega factory’ for the production of thin film solar cells, using Midsummer’s proprietary technology and production equipment. Midsummer would be responsible for designing the factory, selling all production equipment to the factory and owning a small part of the Thai production company.
“We are thrilled to sign this MoU with Saab with the intention to deliver a turnkey solar cell factory to Thailand and later possibly also to other markets,” said Eric Jaremalm, CEO, Midsummer. “This type of project is a testament to our much sought-after green technology and production processes on a global scale, and could add a very valuable business avenue to our present offerings.”
Thailand has ambitious, long-term programmes and plans to increase the share of renewables in its energy mix. Thai authorities have already shown great interest in Midsummer’s technology and domestic production potential.
The specific definition and timing for projects and their associated activities will be decided through dialogue with the relevant authorities in Thailand. This process has not yet been initiated.
